JP Morgan Chase Signs on To Replace Boston Market At Gaithersburg Square

Boston Market closed its Gaithersburg location back in April and the Aspen Hill location is now the chain’s only remaining MoCo location. A new tenant has signed on to take over the space vacated in Gaithersburg Square as JP Morgan Chase will be moving in shortly.

In 2022, JPMorgan Chase cut the ribbon to its newly renovated regional headquarters, the Bowen Building at 875 15th St. NW at the corner of McPherson Square in Washington D.C. This acquisition “reinforced the firm’s commitment to Washington D.C. and the Greater Washington region” as it is one of the only banks expanding its physical footprint in our area.

“This region – stretching from Richmond to Baltimore – is one of the largest economies in the country,” said Peter Scher, JPMorgan Chase Vice Chairman and Chair of the Mid-Atlantic. “With the opening of our Mid-Atlantic headquarters, and our continued philanthropic and business commitments, JPMorgan Chase is supporting the future of Greater Washington. Our hope is to provide more economic opportunity for all people no matter the neighborhoods where they live and work.”

Chase is doubling its original branch network commitment made in 2018 to 140 branches by 2025 throughout Washington D.C., Maryland and Virginia, with 30% of branches in low- to moderate-income communities such as Wards 7 and 8 in Washington, D.C., Cherry Hill, West Baltimore, and Prince George’s County in Maryland, and the Ghent neighborhood in Hampton Roads, Virginia.

“Our branches play a vital role in connecting our neighbors and local businesses to critical resources that meet their financial needs and help them build a stronger financial future,” said Racquel Oden, Head of Chase Network Expansion. “We are proud to bring the power of our branches to more households, businesses and communities across the region.”

The new commitment to support local and regional growth includes:

  • 40 branches in the District of Columbia and the surrounding Maryland and northern Virginia communities

Featured photo courtesy of Google Maps


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